Trinity Investments & Certares Management Refinance East Miami Hotel For $185M

The East Miami hotel in Brickell, part of the $1.05 billion Brickell City Centre, has secured a $185 million refinancing deal. The property features 255 guest rooms, 97 suites, event space, and multiple pools, covering a total of 352 keys in the vibrant area of East Miami.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $185,000,000
• Address: 788 Brickell Plaza - East Miami
• Market: Miami
• Lender: Deutsche Bank & KSL Capital Partners
• Landlord: Sean Hehir - Trinity Investments; Michael Gregory O’Hara - Certares Management
• Broker: Mark Owens - Colliers International
• Loan Type: Refinance

Trinity Investments and Certares Management obtained the $185 million refinancing with Deutsche Bank providing a $152.5 million senior loan and KSL Capital Partners offering the mezzanine portion. The deal was facilitated by Mark Owens from Colliers International, representing the involved parties in the transaction.